AMD plans to cut 1,100 more jobs

AMD may have lots of new hardware in the works and may still be all smiles when it comes to their plans for 2009, but the company can't hide the fact they have been hit hard, financially, in the past year. The company laid off a considerable amount of workers last year, ending with a cut of 500 jobs in November. Those job cuts are continuing, with AMD laying off another 1,100 workers before the end of the quarter.

On top of cutting 9% of their workforce, the company is also cutting salaries for executives by 20%, all of this in an attempt to bolster the company's financial situation. How the market receives their hardware in 2009 will be a big indicator if these layoffs will continue, or if the company will manage to turn things around.